We are live on ! Find out more
CARG icon

CarGurus
CARG

215 hedge funds and large institutions have $2.27B invested in CarGurus in 2023 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 66 increasing their positions, 62 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 37

21% more capital invested

Capital invested by funds: $1.87B → $2.27B (+$395M)

10% more funds holding

Funds holding: 196 → 215 (+19)

1.81% more ownership

Funds ownership: 101.2% → 103.01% (+1.8%)

6% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 62

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

15% less call options, than puts

Call options by funds: $9.27M | Put options by funds: $10.9M

Holders
215
Holders Change
+19
Holders Change %
+9.69%
% of All Funds
3.38%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
58
Increased
66
Reduced
62
Closed
37
Calls
$9.27M
Puts
$10.9M
Net Calls
-$1.66M
Net Calls Change
-$71.8M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$149M
2
State Street
State Street
Massachusetts
+$23.4M
3
Millennium Management
Millennium Management
New York
+$21.8M
4
Pacer Advisors
Pacer Advisors
Pennsylvania
+$17.7M
5
Renaissance Technologies
Renaissance Technologies
New York
+$16.4M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$91.5M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$65.5M
3
PCM
PAR Capital Management
Massachusetts
-$35.9M
4
Federated Hermes
Federated Hermes
Pennsylvania
-$34.4M
5
DCP
Durable Capital Partners
Maryland
-$28.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSERS
101
Louisiana State Employees Retirement System
Louisiana
$1.06M +$888K +46,900 New
APG Asset Management
102
APG Asset Management
Netherlands
$1.05M +$763K +40,300 +388%
SO
103
STRS Ohio
Ohio
$968K +$45.4K +2,400 +6%
AB
104
Amalgamated Bank
New York
$956K +$525K +27,763 +192%
VOYA Investment Management
105
VOYA Investment Management
Georgia
$894K +$5.39K +285 +0.7%
TD Asset Management
106
TD Asset Management
Ontario, Canada
$876K +$733K +38,723 New
WP
107
Woodline Partners
California
$868K +$726K +38,371 New
GAM
108
Gotham Asset Management
New York
$855K -$40.2K -2,124 -5%
HSBC Holdings
109
HSBC Holdings
United Kingdom
$809K +$671K +35,472 New
BFM
110
Boothbay Fund Management
New York
$792K +$662K +35,000 New
ADIM
111
Alpha DNA Investment Management
Maryland
$791K +$662K +34,960 New
MSRPS
112
Maryland State Retirement & Pension System
Maryland
$788K +$659K +34,809 New
Teacher Retirement System of Texas
113
Teacher Retirement System of Texas
Texas
$765K +$640K +33,811 New
New York State Teachers Retirement System (NYSTRS)
114
New York State Teachers Retirement System (NYSTRS)
New York
$757K +$633K +33,447 New
Baillie Gifford & Co
115
Baillie Gifford & Co
United Kingdom
$714K -$9.46K -500 -2%
Los Angeles Capital Management
116
Los Angeles Capital Management
California
$710K +$132K +6,964 +29%
VI
117
Versor Investments
New York
$691K +$578K +30,547 New
Mackenzie Financial
118
Mackenzie Financial
Ontario, Canada
$634K -$23.6K -1,247 -4%
OPERF
119
Oregon Public Employees Retirement Fund
Oregon
$631K +$528K +27,900 New
State Board of Administration of Florida Retirement System
120
State Board of Administration of Florida Retirement System
Florida
$629K +$13.4K +710 +3%
MC
121
Maverick Capital
Texas
$614K +$513K +27,111 New
PAM
122
Panagora Asset Management
Massachusetts
$611K -$853K -45,060 -63%
EP
123
Edgestream Partners
New Jersey
$610K +$510K +26,939 New
SEI Investments
124
SEI Investments
Pennsylvania
$586K +$490K +25,881 New
ASRS
125
Arizona State Retirement System
Arizona
$566K -$6.79K -359 -1%
3 4
5
6 7

CARG Hedge Fund Activity: Q2 2023 in Review

215 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2023, worth a combined $2.27B — up 21% from $1.87B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new CARG positions and 37 closed out — a net gain of 21 holders — while 66 added to existing stakes and 62 trimmed.

The largest buyer was BlackRock, adding an estimated $149M. The largest seller was Wellington Management Group, cutting an estimated $91.5M.

  • 215 institutional investors held CarGurus (CARG) as of Q2 2023, up from 196 in Q1 2023.
  • Funds reported $2.27B of CarGurus stock for Q2 2023, up 21% quarter-over-quarter.
  • 58 funds opened new CarGurus positions in Q2 2023 and 37 closed out, a net change of +21 holders.
  • The largest CarGurus buyer in Q2 2023 was BlackRock, an estimated $149M added.
  • The largest CarGurus seller in Q2 2023 was Wellington Management Group, an estimated $91.5M sold.

Based on aggregated 13F filings for Q2 2023.